Term Insurance

Term life insurance can provide coverage during the years your family needs it most. It’s a simple type of life insurance plan that lasts for a set period of time. You choose a term length that matches the timeframe of your financial responsibilities. If you pass away during the term length, your beneficiaries receive the tax-free death benefit to cover any expenses you left behind.

WCU offers 3 term plans:

10-year Level Premium Period with 10-year Guarantee

Premiums remain the same during the 10-year period. After 10 years if the contract is still in force, premiums will increase annually and benefits expire at age 95. Benefits may be converted at any time up to the end of the 10-year term to any whole life plan then being offered at the rate for the then current age of the insured.

Issue ages: 20-70

20-year Level Premium Period with 20-year Guarantee

Premiums remain the same during this period. After 20 years if the contract is still in force, premiums will increase annually. Benefits may be converted at any time up to the end of the 20 year term to any whole life plan then being offered at the rate for their then current age.

Issue ages: 20-60

30-year Level Premium Period with 30-year Guarantee

Premiums remain the same during this period. After 30 years if the contract is still in force, premiums will increase annually. Benefits may be converted at any time up to the end of the 30 year term to any whole life plan then being offered at the rate for their then current age.

Issue ages: 20-50

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